MCKINLEY INVESTMENTS ANNOUNCES
MBO SUPPORT FOR VICOMSOFT

Facilitates UK Internet software developer to say Au Revoir to French Parent

BOURNEMOUTH, UK – (21st March 2002) – McKinley Investments, a private equity investment partnership based in Bournemouth, today announced that it has supported the MBO of Vicomsoft, a leading software company providing Internet and security products also in Bournemouth, from its parent company, BVRP Software Group, based in France.

The support by McKinley Investments took the form of an injection of working capital, augmented by active management participation. Considerable investment has added structure to all aspects of the business from strategic business direction through to the implementation of the sales organization, marketing planning and execution, product development and identification and facilitation of appropriate business partners.

“The overall goal is to support and mentor Vicomsoft, whilst developing a competent management team to ensure the continued growth of the company,” says David Townend, managing partner. “We expect this to be achieved within a 6 month time-frame.”

Following the successful MBO, Vicomsoft, now considerably strengthened both in terms of financial support and managerial expertise, now have the benefit of a strong management team and organizational structure with a focus that will enable them to continue to develop world-class products, whilst substantially growing revenue streams from the end of the first year in to the second year.

“We are very excited to be working with McKinley Investments,” said Darko Roje, Chief Technology Officer of Vicomsoft. “We have a strong development team, creating excellent products, and with their investment, we will continue to grow and stay ahead of the competition.”

ABOUT VICOMSOFT

Vicomsoft was among the first software companies to provide desktop personal communication solutions, and has almost 20 years experience in developing and supporting quality software products for both Mac and PC. Vicomsoft’s Internet security and connectivity products are scalable from the smallest home network of two computers, up to the largest enterprises with unlimited users.

For further information, please visit http://www.vicomsoft.com

ABOUT MCKINLEY INVESTMENTS

Headquartered in Bournemouth, UK, McKinley Investments is a private equity investment partnership focusing on start-up and smaller UK businesses. They have established credible differentiation by investing their own private money and, further, providing additional value in the form of business experience. The partnership’s combined extensive experience and investment focus in the IT industry allows them to provide pro-active hands-on consulting, guidance, and entrepreneurial advice as well as valuable industry contacts.

For further information, please visit http://www.mckinleyinvestments.co.uk